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Chinese firm sets up textile-garment chain in Vietnam
13
Dec '17
Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to expand investment in Vietnam as it has established a garment-textile production chain there. The knitwear-manufacturing company operationalised the chain’s last project worth $310 million at Dong Nam (South East) industrial park in Cu Chi district, Ho Chi Minh City, last week.

This is the biggest invested garment-textile project at an industrial park in the city, according to a report by a Vietnamese news agency.

Gain Lucky garment-textile factory at Phuoc Dong industrial park in Tay Ninh province of Shenzhou Group will provide raw materials for Worldon Vietnam’s factories.

The city discourages labour-intensive projects, including garment-textile ones, but this project was licensed because the investor committed to using advanced technology.

Shenzhou manufactures knitwear products from the initial stages to the creation of final products for popular brands such as Nike, Adidas, Puma and Uniqlo. (DS)

Fibre2Fashion News Desk – India


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